Home/Nevada/Statutes/Title 9: SECURITY INSTRUMENTS OF PUBLIC UTILITIES; MORTGAGES;/Ch. 106: Real/: ENCUMBRANCE TO SECURE FUTURE ADVANCES/§ 106.400
Nevada Statutes

§ 106.400 — Advances made after notice of termination

Nevada·Title 9 SECURITY INSTRUMENTS OF PUBLIC UTILITIES; MORTGAGES;·Ch. 106 Real· ENCUMBRANCE TO SECURE FUTURE ADVANCES
Future advances of principal made to a borrower after the receipt of the notice of termination by the lender are not secured by the instrument. The principal amount of indebtedness secured by the instrument is limited to the amount stated by the lender in the lender’s recorded statement.

Free access — add to your briefcase to read the full text and ask questions with AI

Nevada § 106.400 (Advances made after notice of termination) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

J.A. Jones Construction Co. v. Wilmington Trust Co.
127 P.3d 1076 (Nevada Supreme Court, 2006)
13 case citations

Legislative History

(Added to NRS by 1985, 726 ; A 1989, 493 )

Nearby Sections

15
§ 106.020
Adoption by reference before March 1, 1967
§ 106.025
Adoption by reference on and after March 1, 1967
§ 106.030
Mortgage secures performance of covenants adopted by reference
§ 106.040
Adoption by reference in instrument
§ 106.050
Parties may enter into different or additional covenants
§ 106.195
Mortgage of estate for years
§ 106.200
Effect of recorded mortgage upon possessory claims to public lands or mining claims
§ 106.210
Recording of assignments of mortgages or beneficial interests in deeds of trust; constructive notice; effect of unrecorded assignments
§ 106.220
Filing and recording of instruments subordinating or waiving priority of mortgages, deeds of trust or liens; constructive notice; effect of unrecorded instruments
§ 106.240
Extinguishment of lien created by mortgage or deed of trust upon real property
§ 106.260
Discharge and assignment: Marginal entries; discharge or release must be recorded when mortgage or lien recorded by microfilm
§ 106.270
Discharge of mortgages on filing of certificates specifying satisfaction or payment
§ 106.280
Certificates of discharge: Recording
§ 106.290
Recording of discharge of mortgage by mortgagee; liability for failure to record discharge; requirements for release of mortgage when discharge not recorded; liability for improperly recording release; criminal penalty
§ 106.295
Request by mortgagor for certified copy of note, mortgage and assignments
View on official source ↗